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TORONTO, June 19, 2018 /CNW/ – Automotive Properties Real Estate Investment Trust (TSX: APR.UN) (the “REIT”) today announced that it has closed the previously-announced acquisition of the Country Hills Volkswagen dealership property (the “Property”) in Calgary, Alberta. The Property includes a newly-built 34,646 square-foot, full-service Volkswagen dealership facility located on approximately 4.7 acres at 11380 Stonehill Drive NE, a busy commercial corridor just north of the Calgary International Airport.

The REIT funded a portion of the $18 million purchase price for the Property through the issuance of 480,552 trust units of the REIT, valued at approximately $5.0 million. The remaining $13 million of the purchase price was funded through draws on the REIT’s credit facilities and cash on hand.

Forward-Looking InformationThis news release contains forward-looking information within the meaning of applicable securities legislation, which reflects the REIT’s current expectations regarding future events and in some cases can be identified by such terms as “will”, “intends”, “anticipates” and “expected”. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the REIT’s control that could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to, the factors discussed under “Risks and Uncertainties” in the REIT’s management’s discussion and analysis (“MD&A”) most recently filed on SEDAR (www.sedar.com) and in the REIT’s current annual information form which is also available on SEDAR. The REIT does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law. This forward-looking information speaks as of the date of this news release.